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A $ 1 billion issue of Time Warner Entertainment L.P. senior notes, due July 15, 2033, was priced as 8 3/8 at 99.392 to yield 8.428%, according to MCM CorporateWatch.

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Peacock soars for GE

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NBC parent General Electric credited its broadcasting operations -- which include the network, stations and cable holdings -- with helping it to achieve record net earnings in the second quarter.

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Murdoch mushrooming

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Rupert Murdoch's News Ltd. has bought 50% of Melbourne-based Mushroom Records, Australia's largest independent record label. The sale price was not disclosed but industry sources are placing a value…

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